Morgan Stanley holds Selective Insurance at Underweight, target raised to $85
Morgan Stanley kept its Underweight rating on Selective Insurance and raised its price target to $85 from $80, Dow Jones Newswires reports, citing Benzinga data.
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what happened
Morgan Stanley analysts kept their Underweight rating on Selective Insurance (SIGI), an insurance company. At the same time the bank raised its price target for the shares to $85 from $80, according to Dow Jones Newswires, which cites Benzinga data.
Such analyst decisions reflect the bank's view of the stock's prospects relative to the market.
why it matters
The rating change concerns a single company, so the event has limited significance for the broad market. Investors may treat it as one more reference point when assessing the insurance sector.
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sources
- Selective Insurance Is Maintained at Underweight by Morgan Stanley — Dow Jones Newswires, 27 October 2026 at 13:32 UTC
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